Nifty Trades for 05/12/2012

62 Comments
05/12/2012 09:00  Trend: Positive, SL: 5867
05/12/2012 09:20  SL Trailed: 5891


  1. Hi Sunil, Holding a 6000 CE @ 44. Shall i exit at opening or could we see 5950 today.

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    1. Hi Dilip, Nifty likely to test 5950 in a day or two.

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    2. Thank you very much Sunil.. Shall i hedge with a 5900 PE in case markets come down due to volatility.. if not let me now the right time.. Thanks.

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    3. Most Welcome. Never hedge options with options. Follow Trailing SL on Nifty for now.

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  2. Hai Sunil Ji... Good Morning...

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  3. This comment has been removed by the author.

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    1. Hi SR,
      Good Morning
      Sir, In Zerodha Admin Position F11
      The Buy av Price changed to 10.10 which I purchased at 8.00 for 6200CE, & 14.90 in place of 12.00 for Reliance 840CE
      Are these ok?

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    2. Hi Krishna, Good Morning, These are M-to-M positions settled by zerodha on daily closing.

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    3. Thank you sir,
      How to see the net position at any instant in Zerodha?

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    4. Most Welcome. F11 shows the Net Positions settled to the last day.

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    5. Sir, SBIN is above 2260
      Entered 2250CE@72, What should be the target?

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    6. Sir, What are the Targets of SBI & Reliance in near future?

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  4. Good Morning Sunil.

    Please share your views on SBI for today?(Support and resistence)
    I'm LONG CALL on 2200 CE DEC

    Happy trading to all.
    Good day.

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    1. Good Morning Mahender, SBI has resistance near 2258-60.

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    2. Thank you. Already it is near that level.
      Shall I book the profits and get into it on dips.
      Please suggest support levels.

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    3. Most Welcome. Yes, Book for now. Support near 2227. Can re-enter if it sustains above 2260.

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    4. Okay Cool,

      What are the levels for ICICIBANK.

      Holding CALL 1150@24

      Thanks.

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    5. Resistance near 1129, Support near 1113

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  5. Sir I bought 6 lots of 6200 @ 8.2 as per your advice . Shall I keep trailing SL of 13 now .

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    1. Hi Sonu, Never keep trailing SL on options as the SL would be triggered sooner or later due to volatility. Whenever in doubt, book part profits and minimise your risk.

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  6. Good Morning sir....Thanks for your reply to yesterday's querry.
    JP still looking good so i'll Keep holding rest till 105. Also,you had advised buying puts as nifty reaches 6000...do let me know when to buy...and which put has better risk return ratio...

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    1. Good Morning Aabha.
      Good to know that you are running in profits on JP.

      Happy Trading

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    2. Good Morning Aabha, Book on rise today in JP. Has multiple resistances in the region of 104-105. As of now, Nifty has max OI at 6000CE and 5500PE. As such, one can enter 5600 or 5700 puts in low qty near 5950-5980, keeping SL on breach of 6000 level.

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    3. ok sir...can i buy 6200 ce at cmp for the target of 5950 spot?

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    4. Can enter in small qty as the options are already trading at a higher value.

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    5. ok sir...thank you. FDI decision will impact markets, right? or 5950 is expected anyway?

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    6. FDI decision seems already through and voting remains just a formality. However next major resistance for Nifty is near 5948-52. As such Nifty likely to test 5950 anyways.

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    7. Sir is tata motors a buy at this rate? target 283-284?

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    8. Avoid longs in Tata Motors till it breaks above 285.

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    9. Sir, as Nifty crosses 5915, the gain over yesterday in 6200 ce is more than double of the gain in 5900 ce...You really are a genius sir...All said Nifty will be positive, but only you gave a call on 6200 ce, the best gainer in calls! :-)

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    10. Sir, how do you see renuka sugar from here?

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  7. Hi Sunil, bought 6000 CE now.. what will be my target..

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  8. Hi Sunil, GM, Today Bought 120 CE of powergrid @ 3.35.. How is the chart.. will it reach 124 ..

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    1. Hi Rohit, GM. Powergrid is currently in a phase of consolidation. Range 118-122.

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  9. Sir,
    What is the level for Relinfra.

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    1. Hi Sundaresh, Has resistance near 513-14. Support near 494-95

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  10. Any specific stock to be watched.

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    Replies
    1. Always keep track of high beta and defensive stocks

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  11. Dear Aabha,
    "Guten Tag" - not seen in NSEGuide.
    However, hope you are fine now after the surgery.TC

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    1. hello sir...yes i am doing ok. still hurts a bit, but better than before. Thank you for your concern...Have been trading on mobile as i am on bed...So not opening all sites at a time. Convey my regards to CB sir and all others on NSE guide...

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    2. Hi Aabha, Sorry, was not aware of your surgery. Hope all is well. Wish you a speedy recovery. Take Care.

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    3. Sure sir...thank you so much!

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  12. Hi Aabha,
    Gitanjali ( Cerulean) was desperately looking for you and was much worried about your absence.

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    1. oh...ok, can you pls convey to her that all is well with me. will try to post on NSEguide after 3.30 today.

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  13. Hai Sunil Ji...
    No Intraday post till 24 November.........

    Hai Aabha... Wish you speedy recovery...

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  14. Hello Sir,
    What do you think about Nifty, whether 5950 can be touched today?

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    1. Hi Krishna, 5950 is a positional target. If not touched today, may touch it within a day or 2.

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    2. Thanks a lot. All are my positional calls, will wait for the targets.

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  15. great levels sunil ji... sudden fall low 5891.95...

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    1. sir, keep holding longs in nity? Or book at close today? Also, how do you see renuka sugars? Holding 35ce.

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    2. Hello Aabha,

      I'm Holding Renuka shares, bought@29.60.
      I'm still bullish on it, my view is it will test 35 in coming days.

      What's ur view Sunil. please share your thoughts.

      Thanks
      Mahy

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    3. Hold them till tomorrow. Renuka has resistance near 34-34.2

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  16. OK SR sir...will keep holding both Nifty and Renuka calls till tmrw...not that i hve any option o selling now...:-) Was really confused at the close today though...u still see nifty touching 5950 this week?

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    1. Nifty is quite likely to test 5950 this week.

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